Zhongding has launched a $80 million overseas merger and acquisition in its main business, and has thus obtained the leading supplier advantage of high-end manufacturers such as electric vehicles and super luxury cars.
Today's announcement shows that Zhongding shares plans to set up a wholly-owned subsidiary Zhongding Europe Holdings Co., Ltd. (hereinafter referred to as “Zhongding Europe Holdingsâ€), which will invest BRL 180 million. The purpose of establishing China Ding Europe Holdings is very clear. It is for the purpose of acquiring Germany's KACO, taking the long-term consideration of optimal taxation costs and the future internationalization of listed companies, and increasing the return on foreign investment.
According to the “Equity Transfer Agreement†signed by Chinading Europe Holding and German KACO shareholders, China Ding European Holdings intends to acquire 80% of German KACO, with a total investment of BRL 180 million (approximately USD 80 million). The time of remittance will prevail. KACO is currently 100% owned by a corporation registered in São Paulo, Brazil.
Founded in 1914, KACO is a world-renowned manufacturer specializing in the development of special rubber seals. Its main products are high-precision seals in the automotive and mechanical engineering industries. It is the leader in sealing technology and has a number of revolutionary patents. The area is spread over more than 40 countries and regions. Its existing six factories are located in Germany, Austria, Hungary and China, and set up three technical service offices in France, the United Kingdom and Japan. KACO's customers in Germany cover a number of automotive line manufacturers, including Tesla, the leader in electric vehicles.
The financial report shows that in 2013 KACO Germany's operating income was approximately 137 million euros and net profit was 7 million euros (about 60 million yuan). Zhongding's 2013 annual operating revenue was approximately 4.16 billion yuan, and its net profit was approximately 388 million yuan.
Spinning Reel
Spinning Reel
5.2:1 or 6.2:1high speed gear system
Stainless steel Screw-in Handle for easy installation and removal
Front drag
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Thick bail arm
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Super strong drive gear
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Hight intensity graphite material
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Micro-adjusting drag system
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Excellent line lay osciallation system
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one-way clutch ball bearing
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gear ratio of 5.2:1 or 6.2:1 is available
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Screw-in handle
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Gear Ratio
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5.2:1
6.2:1
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Bearings
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3+1
12+1
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ITEM
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Gear Ratio
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Ball Bearing
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Line Capacity(mm/m;Lbs/yds)-Standard
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Line Capacity(mm/m)-Shwallow
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OWC
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DSA1000
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5.2:1
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3+1BB-10+1BB
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0.18/205 0.20/170 0.25/100; 4/175 6/110 8/90
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0.12/150
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Y
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DSA2000
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6.2:1/5.2:1
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3+1BB-10+1BB
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0.20/245 0.23/180 0.28/115; 4/240 6/160 8/125
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0.20/150
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Y
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DSA3000
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6.2:1/5.2:1
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3+1BB-10+1BB
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0.28/155 0.31/125 0.36/95; 8/180 10/150 12/110
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0.22/150
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Y
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DSA4000
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6.2:1/5.2:1
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3+1BB-10+1BB
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0.28/225 0.31/180 0.36/135; 8/270 10/220 12/160
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0.24/150
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Spinning Reel,Spinning Fishing Reels,Open Reel Fishing Pole,Spooling Spinning Reel
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